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The presence of international players such as Aldi and Costco are squeezing Coles and rival Woolworths. Photo: Attila Csaszar

No way to rebottle the retail genie

Sky-high household debt, combined with rising power costs, a fear of higher interest rates, and increasing competition from international invaders, has turned an unwelcome spotlight onto the Australian retail industry.

If that isn’t enough to worry shopkeepers, landlords and investors, there are fresh questions being asked of the British expansion by the Bunnings division of Australia’s biggest retailer and one of Western Australia’s most widely held stocks – Wesfarmers.

Domestically, the challenge facing all aspects of retail could be clearly seen in the latest survey of the industry by the Australian Bureau of Statistics, which revealed the biggest two-month sales fall in seven years.

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Wesfarmers (WES)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
324thAustal17%9%
376thWesfarmers7%9%
394thSeven West Media5%-4%
521stAutomotive Holdings Group-16%6%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/10/17
$191k Bought
27/10/17
$6k Bought
28/09/17
$12k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Wesfarmers$68,648.0m
2nd-Automotive Holdings Group$6,079.6m
3rd↑Programmed Maintenance Services$2,694.5m
4th-Seven West Media$1,679.0m
6th↓Austal$1,325.3m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Wesfarmers

4thJohn Durkan$5.288m
6thGuy Russo$4.038m
8thTerry Bowen$3.546m
Ranked by total remuneration from all listed WA companies

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